Market Action

August 24, 2026

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)
Median
YTW
Median
Average
Trading
Value
Median
Mod Dur
(YTW)
Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.8819 % 2,642.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.8819 % 4,975.5
Floater 5.47 % 5.62 % 31,099 14.43 3 -0.8819 % 2,867.4
OpRet 0.00 % 0.00 % 0 0.00 0 0.0159 % 3,630.4
SplitShare 4.80 % 4.23 % 61,170 2.60 5 0.0159 % 4,335.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0159 % 3,382.7
Perpetual-Premium 5.65 % 5.55 % 54,134 6.75 12 0.0431 % 3,074.5
Perpetual-Discount 5.56 % 5.66 % 38,285 14.38 21 -0.2596 % 3,395.5
FixedReset Disc 5.52 % 5.85 % 88,940 14.02 17 0.7774 % 3,405.7
Insurance Straight 5.39 % 5.47 % 42,732 14.50 20 -0.3309 % 3,335.0
FloatingReset 0.00 % 0.00 % 0 0.00 0 0.7774 % 4,158.3
FixedReset Prem 5.92 % 4.63 % 78,958 2.10 31 0.0537 % 2,661.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.7774 % 3,481.3
FixedReset Ins Non 5.20 % 4.85 % 50,611 2.60 14 0.3606 % 3,285.3
Performance Highlights
Issue Index Change Notes
GWO.PR.Y Insurance Straight -5.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.72 %
IFC.PR.A FixedReset Ins Non -3.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 22.39
Evaluated at bid price : 22.81
Bid-YTW : 5.52 %
PWF.PR.K Perpetual-Discount -3.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 5.78 %
BN.PR.B Floater -1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 13.86
Evaluated at bid price : 13.86
Bid-YTW : 5.72 %
PWF.PR.A Floater -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 14.75
Evaluated at bid price : 14.75
Bid-YTW : 5.32 %
BN.PF.B FixedReset Prem -1.05 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 25.45
Bid-YTW : 5.81 %
BIP.PR.F FixedReset Prem 1.05 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-01-01
Maturity Price : 25.00
Evaluated at bid price : 25.93
Bid-YTW : 5.21 %
BN.PR.R FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 23.00
Evaluated at bid price : 24.52
Bid-YTW : 5.65 %
MFC.PR.K FixedReset Ins Non 1.36 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-09-19
Maturity Price : 25.00
Evaluated at bid price : 26.05
Bid-YTW : 4.81 %
MFC.PR.F FixedReset Ins Non 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 21.74
Evaluated at bid price : 22.13
Bid-YTW : 5.26 %
BN.PR.T FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 23.29
Evaluated at bid price : 24.00
Bid-YTW : 5.78 %
PWF.PF.A Perpetual-Discount 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 20.69
Evaluated at bid price : 20.69
Bid-YTW : 5.50 %
ENB.PR.H FixedReset Disc 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 23.37
Evaluated at bid price : 23.70
Bid-YTW : 5.80 %
GWO.PR.N FixedReset Ins Non 6.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 5.43 %
FTS.PR.K FixedReset Disc 8.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 23.17
Evaluated at bid price : 24.25
Bid-YTW : 5.48 %
Volume Highlights
Issue Index Shares
Traded
Notes
GWO.PR.G Insurance Straight 78,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 23.49
Evaluated at bid price : 23.76
Bid-YTW : 5.55 %
ENB.PR.Y FixedReset Disc 26,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 22.67
Evaluated at bid price : 23.41
Bid-YTW : 5.95 %
CU.PR.K Perpetual-Premium 11,800 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2035-03-01
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 5.53 %
There were 0 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
POW.PR.D Perpetual-Discount Quote: 23.02 – 24.87
Spot Rate : 1.8500
Average : 1.2239

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 22.73
Evaluated at bid price : 23.02
Bid-YTW : 5.49 %

GWO.PR.Y Insurance Straight Quote: 20.00 – 21.42
Spot Rate : 1.4200
Average : 0.9607

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.72 %

IFC.PR.A FixedReset Ins Non Quote: 22.81 – 23.88
Spot Rate : 1.0700
Average : 0.6332

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 22.39
Evaluated at bid price : 22.81
Bid-YTW : 5.52 %

NA.PR.K FixedReset Prem Quote: 28.15 – 29.15
Spot Rate : 1.0000
Average : 0.7182

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-05-01
Maturity Price : 25.00
Evaluated at bid price : 28.15
Bid-YTW : 2.96 %

GWO.PR.H Insurance Straight Quote: 22.14 – 22.99
Spot Rate : 0.8500
Average : 0.5966

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 21.90
Evaluated at bid price : 22.14
Bid-YTW : 5.56 %

PWF.PR.K Perpetual-Discount Quote: 21.60 – 22.49
Spot Rate : 0.8900
Average : 0.6643

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2056-08-24
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 5.78 %

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